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Agree! A lot of smart people aren't trying to get rich. I bet many nobel prize winners aren't rich, while many of them are smart.
by stunt 5y ago
Agree! A lot of smart people aren't trying to get rich. I bet many nobel prize winners aren't rich, while many of them are smart.
- rawoke083600 5y agoLol actually they are rich. "The winners of the 2021 Nobel Prizes will receive a gold medal and 10 million Swedish kronor ($1.14 million). The prize money comes from an endowment left behind by the prize’s creator, Swedish inventor Alfred Nobel, who died in 1895." Source https://www.forbes.com/sites/siladityaray/2021/10/08/2021-nobel-peace-prize-awarded-to-journalists-maria-ressa-and-dmitry-muratov/?sh=282ec3654b44 https://www.forbes.com/sites/siladityaray/2021/10/08/2021-no...
- emschlr 5y agoEarning $1.14 million for a whole life's work is peanuts when you compare it to bay area salaries where someone working for FANG can earn that much in half a year or less just by writing microservices. So, no, Nobel prize winners are not necessarily rich when you compare them with lawyers, doctors, and software engineers of California.
- rawoke083600 5y agoCompared to most people in academia they are stinking-rich ! "whole life's work" Yea sorry they don't always "win" it at the END of their careers ! "compare it to bay area salaries where someone working for FANG can earn that much in half a year or less just by writing microservices." Guess you can say that about many careers just depends which you industry you compare it to ! Gardening,R&B Popstar,Maid,Teacher,Hollywood Actor,Tutor.
- chriskanan 5y agoThis isn't much money in the USA. The rule of thumb is to save 10 times your income if you want to retire by age 67. Given that an academic is at perhaps $100K salary a year, that would mean it would not even be enough to cover retirement since after taxes it would probably be less than $700K. In many parts to the USA, e.g., parts of California, that's not even enough to buy a modest home. It depends on where you live to assume that's enough to be considered even close to rich. About 10% of Americans have a net worth of over $1M. https://spendmenot.com/blog/what-percentage-of-americans-are-millionaires/ https://spendmenot.com/blog/what-percentage-of-americans-are...
- SirGoldplate 5y ago10% @ 1mil sounds extremely high being that the median income is 31,133 USD(2019). Not sure I buy it, especially since the article claims this excludes home equity.
- AussieWog93 5y agoA quick Google suggests that the top 10% of (individual) earners in 2019 took home at least 116k (almost 4x the median!). Seems totally believable to me.